Canada needs a postal bank. Thousands of rural towns and villages in our country do not have a bank, but many of them have a post office that could provide financial services. As well, nearly two million Canadians desperately need an alternative to payday lenders. Wouldn’t it be great if there were a better option than the big banks?

A postal bank could be that alternative.

Postal banks already exist in many parts of the world. They are used to:

  • increase financial inclusion
  • fund economic development
  • generate revenue to preserve public postal service and jobs

Our post office used to have a national saving bank up until 1968 – and there is no reason we shouldn’t have one today.

Recently, Irene Mathyssen, NDP MP for London-Fanshawe, has put forward a motion (M-166) to conduct hearings and propose a plan for postal banking. Please send your MP a message in support of postal banking and to vote in favour of this motion.

MP Irene Mathyssen on why Canada needs Postal Banking

Depending on where you live, click the appropriate link below:

Cheryl Hardcastle, MP Windsor-Tecumseh (click here to view Elections Canada map of Windsor-Tecumseh)

Brian Masse, MP Windsor West (click here to view Elections Canada map of Windsor West)

Tracey Ramsey, MP Essex (click here to view Elections Canada map of Essex)

Dave Van Kesteren, MP Chatham-Kent — Leamington (click here to view Elections Canada map of Chatham-Kent — Leamington)

 

If you’d prefer, you can download, print and mail a letter to your MP here (no postage required).